The share price of p and b housing finance began to drop slowly because no one knew how this would all pan out. Last week the company decided to call off the special share allotment it had proposed, with carlyle almost out of the running. Now brokerages are now expecting the stock to drop by another 30 % at least. But there are a couple of things to look forward to: Number one, the company wants to give it another go and issue bonds worth two thousand cropees and raise money numr two. Maybe p and b could ask arbia again and infuse capital, since the bank has managed to raise some money itself.
The past week hasn’t been kind to PNBHF. The stock has lost over 15% of its value and so in today’s episode for October 23rd 2021, we see why it’s going through this rough patch.